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Accumulated Other Comprehensive Income (Loss) (Tables)
3 Months Ended
Mar. 31, 2018
Accumulated Other Comprehensive Income (Loss)  
Components of Accumulated Other Comprehensive Income (Loss)

The changes in the balances of each component of accumulated other comprehensive income (loss), net of tax, which is included as a component of Waste Management, Inc. stockholders’ equity, are as follows (in millions, with amounts in parentheses representing decreases to accumulated other comprehensive income):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign

 

Post-

 

 

 

 

 

 

 

 

Available-

 

Currency

 

Retirement

 

 

 

 

 

Derivative

 

for-Sale

 

Translation

 

Benefit

 

 

 

 

    

Instruments

    

Securities

    

Adjustments

    

Obligations

    

Total

Balance, December 31, 2017

 

$

(33)

 

$

15

 

$

29

 

$

(3)

 

$

 8

Other comprehensive income (loss) before reclassifications, net of tax expense (benefit) of $0,  $0,  $0 and $0, respectively

 

 

 —

 

 

(1)

 

 

(32)

 

 

 —

 

 

(33)

Amounts reclassified from accumulated other comprehensive (income) loss, net of tax (expense) benefit of $1,  $0,  $0 and $0, respectively

 

 

 2

 

 

 —

 

 

 —

 

 

 —

 

 

 2

Net current period other comprehensive income (loss)

 

 

 2

 

 

(1)

 

 

(32)

 

 

 —

 

 

(31)

Adoption of new accounting standard (a)

 

 

(7)

 

 

 3

 

 

 —

 

 

(1)

 

 

(5)

Balance, March 31, 2018

 

$

(38)

 

$

17

 

$

(3)

 

$

(4)

 

$

(28)


(a)

As of January 1, 2018, we adopted ASU 2018-02 and reclassified stranded tax effects to retained earnings. See Note 1 for further discussion of ASU 2018-02.